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Thur 1 Sep: Guardian HE: First or fail: Campaign for Financial Education and 2012 university applicants September 2, 2011

Posted by AaronPorter in First or Fail, Higher Education, Tuition Fees.
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First or fail: Campaign for Financial Education and 2012 university applicants

Deserving recognition this week: a campaign to add financial education to the school curriculum; falling from favour, the students who can’t afford higher tuition fees

http://www.guardian.co.uk/higher-education-network/blog/2011/sep/01/first-or-fail-campaign-for-financial-edcation

 

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Money Saving Expert, Martin Lewis has launched a campaign to get compulsory financial education into the school curriculum. Photograph: Toru Hanai/REUTERS

Aaron’s verdict on who has had a good week (heading for a first) and who has had a bad week (heading for a fail).

Heading for a first: campaign for financial education

With all the furore surrounding tuition fees, debt, loans and interest rates, very little thought has been given to the support, and crucially the education given to school pupils about finance and money. So with higher education funding rarely out of the headlines, Martin Lewis of the Money Saving Expert website has launched a campaign to get compulsory financial education into the school curriculum.

While higher education funding may have been the catalyst for the campaign, it’s evident that financial education wouldn’t be limited to information about that, in fact the plan would be to cover the basics of personal finance and consumer rights. Launching a petition on the government’s new e-petition website, Martin Lewis describes the current state of affairs as “a national disgrace that in the 20 years since introducing student loans, we’ve educated our youth into debt when they go to university, but never about debt. We’re a financially illiterate nation.” Strong words, but then again a comprehensive understanding of basic finance is an important issue. A wrong decision, or unchallenged misinformation can cost thousands.

Since launching the campaign, the e-petition has quickly passed more than 50,000 signatures. And with parliament giving consideration to a full debate on any petition that passes 100,000 sign ups, it’s already over half-way there.

In an economy that already requires an increasingly sophisticated understanding as to how to make the right financial decisions, this seems like a no-brainer to me. To add your name to the petition, you can sign up here.

Heading for a fail: 2012 university applicants

The government likes to claim they don’t understand the system and perhaps the financial education they receive isn’t up to scratch, but it doesn’t take a degree to realise that lots of potential university applicants for 2012 are going to be deterred from applying due to the hike in fees. The big question for universities, but also the government, is how many? Up until now, it’s been almost impossible to say with any authority how many fewer applicants we could see for the 2012 intake. Lessons from history show us that after the previous tuition fee rise, from £1,000 a year to £3,000, we saw a 5% drop for the 2006 intake. But that was quite a different reform that met with quite a different reaction and crucially was done at a time when there was record investment in the outreach infrastructure such as AimHigher. With that infrastructure gone and a hostile reaction on the streets and in the press, initial predictions have been for a drop of anywhere between 5% to 20% through university doors come 2012.

Anything approaching a double digit fall would be catastrophic for the coalition, and for the Liberal Democrats in particular, who are desperately hoping that their tuition fee car crash won’t cause them any more political damage. If the decrease is negligible, they will at least claim it hasn’t had the damaging impact many feared it would. However, it will do little to allay the concerns of thousands of students and their parents who still feel betrayed after their very public pledge signing, and then discarding. Anything approaching a 10% fall or more, will simply give more ammunition to the long-standing critics of the tuition fee trebling.

So this week, findings from the first major study into the applicant intentions from the National Foundation for Education Research (NFER), which surveyed over 1,000 secondary school pupils aged between 14 an 17, will make uncomfortable reading for the coalition. NFER’s headline was that 15% of pupils in school years 10 to 12 in England who were originally planning to go to university have now decided not to, 19% of school pupils have decided to only apply to universities charging less than the £9000 a year, and 26% said they will only apply to universities where they can live at home. But perhaps most shocking of all, was that 79% of respondents said that the tuition fee increase was forcing them to change their plans about future study in some form or another. It’s going to take more than a Simon Hughes sized sticking plaster to remedy this.

So the clock is ticking to see whether the findings from this research project will be translated into the real decline many predicted when the government first announced their plans, but if this is anything to go by, it does not look encouraging.

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Open letter to Simon Hughes following his appointment as the Government’s ‘access advocate’ January 4, 2011

Posted by AaronPorter in Uncategorized.
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An open letter to Simon Hughes on University Access.

5th January 2010

Dear Simon,

Congratulations on your appointment to the role of “Advocate for Access to Education”. Given the serious access problem we have in many of our elite Universities and the proposals to treble tuition fees by the Coalition it will be a challenging role – especially if it is to go beyond the kind of “window dressing” that the role has already been accused of. NUS has long called for there to be a more serious debate and attention paid to access into continued education, particularly with better information, advice and guidance given to prospective students. Alongside our member students’ unions we are fully committed to improving and widening university access and are ready and willing to assist in your efforts to ensure that university is opened up to anyone with the talent to achieve. Our 16-18 members in FE Colleges are keen to work with you on your research into the barriers to access they face.

To begin with, we have six recommendations:

First, we would recommend that the Government urgently clarifies its “National Scholarship Scheme”. On the weekend before the fees vote, the Government was claiming that pupils on free school meals would get a free first year at University. Now the Government has dropped that commitment- arguing instead that the scheme should consist of different packages, bid for by universities. Whilst we appreciate that the free school meals measure is only a narrow pool, it was precisely this kind of “postcode lottery” on student financial assistance that your manifesto commitment on bursaries was designed to scrap- so to avoid misleading students, getting the Government to come clean on its “free first year” offer would be a good start, and being clear about which students are now eligible for this support is imperative.

Second, you could hold the Government to its promise on the fee cap. You will know that ministers have repeatedly claimed that the higher limit would only apply in “exceptional” circumstances– but we are finding it hard to get the Government to explain how it will ensure that £9k rather than £6k fees will be the “exception”. Your efforts here could mean ensuring the Government doesn’t break another promise- this time one made repeatedly on the floor of the house.

Third, you could insist that universities do much more to promote access. At present universities are only routinely judged on applications from the poorest; but it is acceptances and completions (as well as achievement) that matter more. Insisting that the monitoring of access achievements gets tougher, and that the HE sector gets its act together on measures such as Post Qualifications Admissions (where students apply once they have their results) and Contextual Admissions (where applicants are judged on academic potential), could make a massive difference.

Fourth, you could insist that the Government reinstates AimHigher. Up until now the debate on access has focussed heavily on 17 and 18 year olds, but research in this area suggests intervention earlier in school is crucial. This is exactly what the AimHigher programme ensured, by funding to ensure meaningful links were built up between universities and schools. The programme has made a massive difference to aspiration to apply to university across the country and the decision to scrap it will only harm our shared cause to improve access, particularly at a time when the Coalition have trebled tuition fees.

Fifth, you would do well to suggest that the Government listens and responds to voices in the Muslim community making clear how damaging the changes to loan interest rates will be to access for this group. FOSIS (the Federation of Islamic Student Societies) have repeatedly made clear why the changes will be a problem but so far have had no contact from ministers or officials.

But sixth and most importantly, you could demand that the EMA is reinstated. Everyone agrees that the biggest factor in determining university access is achievement at Level 3- or A Level. So for Gove to axe it (having promised to keep it) on the most threadbare of evidence is astonishing, and will do more to harm university access than your role could ever fix. Officially, you only have the power to recommend how a £50m replacement for a £450m scheme is spent. Unofficially, you could make abundantly clear just how devastating for the poorest families the removal of the EMA will be to retention and achievement- and get it reinstated before it’s too late.

I fear that measures the Government have taken so far in office have been utterly counter-productive for social mobility, I hope that your appointment will start to see this reversed, and look forward to hearing back from you in relation to the role NUS can play to help you achieve this, and the six recommendations I have made above as an important start point.

Best wishes,

Aaron Porter
National President